African Mayors Call for Debt Cancellation for Ebola-Stricken West Africa (tags)
G20 Moves Forward on Ebola Debt Relief Plan.
Norwegian Audit Finds Loans to Developing Countries Don’t Follow New Lending Standards (tags)
The South is Bled White (tags)
Since the Asian crisis and the 1980s, we have had massive net capital flows from the South to the North. The South is systematically bled white under the present conditions of the world economy.
Disappointed Hopes in Africa (tags)
"The $40 billion promised before the summit was only a small part of Africa's total $300 billion in debts and the more than $2.4 trillion of all developing countries. The IMF, World Bank and G8 still use the debts as an instru-ment for dictating development.."
From World Bank to America Bank (tags)
President Bush had a hard time explaining to the unenlightened rest of the world why he proposes a man completely lacking in development experience, international credi-bility in combating poverty and ability to forge international consensus.
"A Subtle Form of Hypocrisy" (tags)
Between 1980 and 2003, $1.8 trillion in interests alone flowed from the South to the North. The heavy debts of developing countries more than tripled in this time period.
Debt Relief Still Failing (tags)
Despite the fact that thousands die daily as a result of international debt, a leaked IMF and World Bank report shows that they will refuse to provide significantly deeper and broader debt cancellation for impoverished nations at their Annual meetings this September.